Almost all of Woodbury is a C class neighborhood and is relatively safe (father operated business here for few years and was fine, although he got a few crazy customers).

Overall, I'm pleased with how the purchase has went, but I definitely need to be more diligent in the future as I start to use more of my own capital or private funds.

Just wanted to say Hi to all.I keep hearing about the opportunity to use private lenders vs hard money lenders for the purpose of fix and flips but it all seems to be hoops, red tape and flub (from other sites)...

Also do you mind walking me through some of the bank finance and private money deals for the down payment? 

I am financing the down payment, closing costs, and rehab through a private lender on a $20,000 loan at 9%.Purchase Price: 85,000 (5,000 down, and 6% interest only payments to seller for 6 months until refinance)Rehab: 7,000 contracted out to my GCARV: 145,000Rent: 1,550 per monthDuring the first 6 months I will cash flow ~$275:Vacancy (5%) - 77.50CapEx (5%) - 77.50Repairs (5%) - 77.50Garbage - 50Interest Payments to Seller - 425Interest Payments to Private Lender - 150Insurance - 80Taxes - 333After a 6 month seasoning period, I will refinance for 105,000, again ARV is 145,000, so 72% of the ARV (I can refinance up to 80%, leaving me some wiggle room if needed).

What is the best way to seek out and find opportunities to become a silent partner in a privately owned business?

This seems like a no brainer, but my husband and I don’t want to put all of our eggs (cash) in one basket as far as the financing goes so we are looking at the options with VERY low money down I’m looking at hard money and private lender options.

I am a customer but I haven't gotten to the 3-day workshop yet.

@Jon Dorsey - You will definitely still be profitable at $2M albeit less than you may want.Are the utilities public or private?

I would also point out that you did not give enough of your current status as to strategy, risk tolerance, age, income currently, etc. etc. etc.There are different options available for a private residence.